Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
CMG | A | 10.600 | 2.42 | 762,674 | 6.17 | |
PRB | B | 1.520 | -0.65 | 159,220 | 3.85 | |
MTL | F | 13.100 | -0.15 | 577,786 | 3.56 | |
MRG.UN | D | 15.500 | -0.32 | 42,298 | 2.04 | |
FOM | A | 4.380 | -0.45 | 839,635 | 2.00 | |
GRT.UN | F | 69.470 | 1.15 | 124,557 | 1.55 | |
ALC | D | 14.600 | -0.31 | 14,266 | 1.33 | |
CPX | F | 35.310 | -0.23 | 399,934 | 1.03 | |
WCP | A | 10.770 | -0.92 | 2,482,877 | 1.00 | |
GFL | F | 43.820 | -0.68 | 229,270 | 0.90 | |
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